eWork Group (EWRK) Q2 2022 earnings summary

Executive summary

• Strong demand across geographies and most customer segments supported market-share gains, volume growth and record Q2 net sales.

• The quarter also saw a new structure of four specialized service areas, a broader service portfolio and an evolving delivery model.

Financial highlights

• Net sales rose 19% YoY to 3,967 MSEK; operating profit increased 4% to 34.9 MSEK.

• Order intake increased 15% to 5,771 MSEK, with higher deal values, longer contract terms and increased customer confidence.

Outlook and guidance

• 2022 demand for consulting services is expected to remain high, with growth faster than the market.

• Net sales growth and operating margin are expected to increase in 2022 compared with 2021.